U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from Treasury will not be specific to China but would apply "to all countries that are trying to steal our technology."
In a Twitter message, Mnuchin said stories on investment restrictions from Bloomberg and the Wall Street Journal "are false, fake news."
A government official told Reuters on Sunday night that the Treasury was drafting curbs that would block firms with at least 25 percent ownership with "industrially significant technology."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.